Part 1: Why Stablecoin Adoption Is Inevitable Fundamentally, stablecoins reduce costs across three vectors...This brings us to stablecoins....Stablecoin Issuer Layer: Given liquidity network effects, it seems logical to assume that whichever stablecoin...You’re not bullish enough on stablecoins.

The issuer acts as a sort of algorithmic central bank performing open market operations....Due to the convex nature of the LLAMA algorithm, users are vulnerable to repeatedly buying high and selling...Contrary to UST, FRAX does not operate purely as an algorithmic stablecoin....stablecoins such as USDT and USDC.

Aptos: The Stablecoin Capital’s Yield Playbook Aptos is home to over $1.3 billion in stablecoins....And that’s what helped Aptos become one of the leading destinations for institutional-grade stablecoin...These protocols work together, enabling strategies that range from large-scale stablecoin deployment...

And this event has underscored the censorship risk associated with centralized stablecoins as well as...This development reinforces the thesis for decentralized stablecoins — a need that is more pressing than...In a recent stablecoin piece, we wrote that some of the most prominent “decentralized” stables are in...

Ideally, stablecoins should trade at parity to the asset they’re pegged to....stablecoin depegging and its primary causes....UST-LUNA Bank Run: UST is an algorithmic stablecoin....Depegging events are closely related to the assets backing each stablecoin, whether algorithmic or not...

stablecoin projects have spiked up with tokens like FLX, LQTY and SPELL rising between 21-40% since...Holders of centralized stablecoins like USDC are prone to such censorship risk....On the other hand, the collateral backing RAI and LUSD stablecoins is entirely ETH, while that for MIM...For more on stablecoins, Delphi members can read our Delphi Pro report here.

Fully collateralized stablecoins have generally held up well since the UST crash, but a few algorithmic...DFX Stablecoin Farm DFX Finance is an AMM that is creating an ecosystem for non-USD stablecoins to...stablecoins, and more to follow....It is simply the amount of stablecoins currently in the respective pool.

Soon, algorithmic & CDP-backed stablecoins (UST, DAI) would emerge, trying to achieve price stability...Tether – An Anchor for the Stablecoin Economy Tether’s rise to dominance has mirrored the rise of stablecoins...Remember, Plasma isn’t only for facilitating stablecoin transfers, but also allows a wide range of stablecoin-focused...

Chart of The Day: 20B added to Stablecoin Stash The supply of the top 5 stablecoins has grown by $20B...Chart of The Day: 20B added to Stablecoin Stash The supply of the top 5 stablecoins has grown by $20B...

Undercollateralized stablecoins, also known as algorithmic stablecoins, are either not backed by collateral...Centralized Stablecoins Centralized stablecoins are IOUs for assets attached to a legal entity....stablecoin backed by USDC....Introduction If you’re invested in crypto assets, you have probably held stablecoins in your portfolio...

Sneak Peek DYAD is a new algo-stablecoin slated to launch by end of year or early next year....This allows DYAD to be used as a stablecoin in DeFi, payments, or other use cases....I really like the idea of a governance-less protocol, I think it would be extremely hard to get the algorithmic...DYAD is a new overcollateralized algo-stablecoin with NFT-gated token minting.

Chart of The Day: Stablecoin Lending Rates for the Previous Quarter Stablecoin lenders on Aave and...Alongside yields, the TVL of these stablecoin money markets has also declined....The decline in stablecoin lending returns, alongside TVL, may indicate the unwinding of leverage and...For more on stablecoins, you can read a previous Delphi Daily report here.

📊 Token Velocity of Decentralized Stablecoins Drops Token velocity for stablecoins aims to measure...the frequency at which the stablecoins are spent or exchanged....More recently, velocity for all stablecoins has dipped, as total volumes have decreased. 30-day average...Other decentralized stablecoins have recorded similar volume and velocity profiles.

Thesis: a better dollar Stablecoins are undeniably crypto’s biggest killer app outside Bitcoin/SoV....TradFi understands this and is fully stablecoin pilled, as seen by the success of the Circle IPO despite...being a terrible business, and the fact that Tom Lee’s main marketing line for Ethereum is “the stablecoin...

...mature and stablecoin supplies, in general, were just a fraction of what they are today. ...Seigniorage Re-Designed What makes Terra unique is that it has multiple fiat-pegged, algorithmic stablecoins...LUNA, Terra’s native token, is used to both stake the network and collateralize the algorithmic stablecoins...

Stablecoins & Curve Wars [Excerpt from our Year Ahead Pro report) Stablecoins exploded in 2021, surpassing...Stablecoins have become dominant trading pairs across both CeFi and DeFi....This can take the form of either an algorithmic stable (UST, FRAX) or an overcollateralized one (DAI,...ones, without mentioning the “kingmaker” of stablecoins — Curve.

Undercollateralized stablecoins, also known as algorithmic stablecoins, are either not backed by collateral...the market to keep the stablecoin at its peg....Centralized Stablecoins Centralized stablecoins are IOUs for assets attached to a legal entity....nature of centralized stablecoins.

Tether is still the largest stablecoin by a significant margin, especially since USDT supply on other...

Since June 23rd, AMPL has traded above its price threshold of $1.06 and never looked back. Let's dive into why....

Chart of The Day: Algorithmic Stablecoins Wobble Alongside Crypto Markets Crypto markets tumbled over...Some algorithmic stablecoins have also struggled to maintain stability (USN not pictured above due to...We discuss tokenizing online social relationships, giving online social ownership to the users, algorithm...